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Samsung Hit Record High on Smartphone Sales
Published Apr 30, 2012
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A surge in Galaxy smartphone sales has fuelled earnings at Samsung Electronics to a record high in the first quarter, outshining handset rivals such as Nokia Corp. Net profit nearly doubled from a year earlier to a record 5.05 trillion won ($4.46bn) for the fiscal quarter ended March 31. Operating profit also reached a record high of 5.85 trillion won, which was in line with the company's guidance provided earlier this month. Sales rose 22% from a year earlier to 45.3 trillion won. Last February, Samsung's mobile business president, Shin Jong-kyun, told reporters the company eyes 380 million handset sales this year, including 200 million smartphones. The company shipped 330 million handsets in 2011, including 97 million smartphones.
Posted by
VMD - [Virtual Marketing Department]
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